Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Wall Street Seeing Goldman in Rare Reversal With Morgan Stanley

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Christine Harper
Tuesday, January 19th, 2010

Goldman Sachs Group Inc., whose record earnings in the first nine months of last year fueled public outrage, will probably hit a profit plateau in 2010, just as Morgan Stanley rebounds from its worst year ever.

The diverging outlooks for earnings growth have started showing in the stock prices, with Morgan Stanley gaining 2.6 percent this year and Goldman Sachs dropping 2.2 percent. Analysts at Credit Suisse Group AG, UBS AG and Macquarie Group Ltd. began recommending investors buy Morgan Stanley this month.

“It makes sense that Morgan’s rebounding, they’re coming from a lower level,” said Ralph Cole, a senior vice president in research at Ferguson Wellman Inc. in Portland, Oregon, which manages about $2.5 billion and owns both Goldman Sachs and Morgan Stanley stock. Goldman Sachs “is trying to continue to move forward off a very large base, and that makes it very difficult for them.”

Goldman Sachs and Morgan Stanley, the two biggest U.S. securities firms before becoming bank holding companies in 2008, continue their traditional rivalry, especially in merger advice and derivatives. When the two New York-based companies report fourth-quarter earnings later this week, Goldman Sachs is still expected by analysts to outshine Morgan Stanley.

Full article here

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here


This article was posted: Tuesday, January 19, 2010 at 4:35 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.